Daily Chart Report 📈 Friday, June 9, 2023

June 9, 2023

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Today’s Summary
Friday, June 9, 2023

Indices: Nasdaq 100 +0.30% | Dow +0.13% | S&P 500 +0.12% | Russell 2000 -0.80%

Sectors: 5 of the 11 sectors closed higher. Consumer Discretionary led, gaining +0.52%. Materials lagged, falling -0.83%.

Commodities: Crude Oil futures fell -1.57% to $70.17 per barrel. Gold futures were flat and remained at $1,977 per oz.

Currencies: The US Dollar Index rose +0.23% to $103.55.

Crypto: Bitcoin was flat and remains around $26,500. Ethereum fell -0.47% to $1,838.

Interest Rates: The US 10-year Treasury yield rose to 3.743%.

Here are the best charts, articles, and ideas being shared on the web today!

Chart of the Day

For the first time since Nov 2021, we had a week full of quiet strength:

No days with a 1% swing in the S&P 500 AND no days with new lows exceeding new highs. pic.twitter.com/QS7C7Yr3L5

— Willie Delwiche, CMT, CFA (@WillieDelwiche) June 9, 2023

Today’s Chart of the Day was shared by Willie Delwiche (@WillieDelwiche). The S&P 500 continued higher for the fourth consecutive week, rising just +0.39%. It wasn’t much, but it was enough to mark yet another 52-week high (on a weekly closing basis). Willie points out that this was the first week since before the market topped where the S&P 500 had no daily swings greater than 1% and no days with new lows > new highs. This week’s “quiet strength” represents a shift toward bull market behavior, where the index grinds higher on low volatility, supported by broad strength beneath its surface.